A. Three company scenarios are listed below. Based on the information provided in each scenario, prepare the corresponding Statement of Cash Flows in the columns to the right of each scenario. Your Statement of Cash Flows should be in good form and utilize cell referencing and formulas where applicable. You must link your spreadsheet cells to get full credit. Scenario 1 (10 points): Barnaby's Circus, Ltd., had a Cash Balance of $350,000 at year end, December 31, 2014. Barnaby's paid cash for the following items during the year ending December 31, 2015: 1 Dividends paid to stockholders $20,000 2 Purchased inventory from suppliers 43,000 3 Purchased a new building 1,25,000 4 Paid employee salaries 6,57,000 5 Paid taxes to the IRS 15,000 6 Purchased insurance policies to cover the circus 1,20,000 Barnaby's Circus, Ltd., received cash for the following items during the year ending December 31, 2015: 1 Received cash from customers $8,80,000 2 Issued shares of common stock to their new shareholders 67,000 3 Received interest from an investment 3,000
© 2015 MSA Homework Help All Rights Reserved
Disclaimer: MSA Homework Help provides reference papers to the student and we strongly recommend you not to submit the papers as it is. Please use our solutions as model answer to improve your skills.